1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 REGIONAL SCOPE 17
1.3.3 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH METHODOLOGY SCOPE 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 IDEAL DEMAND-SIDE ANALYSIS 20
2.2.1.1 Assumptions 20
2.2.1.2 Calculation 21
2.2.2 SUPPLY-SIDE ANALYSIS 21
2.2.2.1 Assumptions 21
2.2.2.2 Calculation 21
2.2.3 FORECAST 22
2.3 STATISTICS 22
2.3.1 T&D INVESTMENT, BY REGION (2014–2035) 22
2.4 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE OPPORTUNITIES IN THE GAS-INSULATED SUBSTATION MARKET 28
4.2 ASIA PACIFIC GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER & COUNTRY 29
4.3 GAS-INSULATED SUBSTATION MARKET, BY COUNTRY 30
4.4 GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE RATING 30
4.5 GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE RATING 31
4.6 GAS-INSULATED SUBSTATION MARKET, BY INSTALLATION 31
?

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Rising energy demand and space constraint in densely populated urban areas 33
5.2.1.2 Increasing investments in T&D sector 33
5.2.2 RESTRAINTS 34
5.2.2.1 High cost of equipment as compared to air-insulated substation 34
5.2.2.2 Stringent environmental & safety regulations 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Development of an environment-friendly alternative to SF6 gas 35
5.2.3.2 Adoption of the HVDC technology 35
5.2.4 CHALLENGES 36
5.2.4.1 Delays in grid expansion projects 36

6 GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE 37
6.1 INTRODUCTION 38
6.2 MEDIUM VOLTAGE 39
6.2.1 RAPID DEVELOPMENT OF RESIDENTIAL AND COMMERCIAL INFRASTRUCTURE 39
6.3 HIGH VOLTAGE 40
6.3.1 INCREASING INVESTMENTS FOR POWER GENERATION PLANTS 40
6.4 EXTRA-HIGH VOLTAGE 41
6.4.1 RISING FOCUS ON DEVELOPMENT OF POWER TRANSMISSION FOR LONG DISTANCE 41

7 GAS-INSULATED SUBSTATION MARKET, BY INSTALLATION 42
7.1 INTRODUCTION 43
7.2 INDOOR 44
7.2.1 INCREASING INVESTMENTS IN THE ENERGY SECTOR ACROSS THE NATION 44
7.3 OUTDOOR 45
7.3.1 RISING FOCUS ON DEVELOPMENT OF POWER TRANSMISSION AND DISTRIBUTION FOR LONG DISTANCE 45

8 GAS-INSULATED SUBSTATION MARKET, BY END-USER 46
8.1 INTRODUCTION 47
8.2 POWER TRANSMISSION UTILITY 48
8.2.1 INCREASING INVESTMENT FOR DEVELOPMENT OF TRANSMISSION GRID EXPANSION AND REFURBISHMENT 48
8.3 POWER DISTRIBUTION UTILITY 49
8.3.1 SPACE CONSTRAINT MEANWHILE RISING DEMAND FOR ELECTRICITY 49
?
8.4 POWER GENERATION UTILITY 50
8.4.1 RISING DEMAND FOR EFFICIENT AND LONG- LASTING POWER INFRASTRUCTURE 50
8.5 OTHERS 51

9 GAS-INSULATED SUBSTATION, BY REGION 52
9.1 INTRODUCTION 53
9.2 NORTH AMERICA 55
9.2.1 BY VOLTAGE TYPE 55
9.2.2 BY INSTALLATION 56
9.2.3 BY END-USER 56
9.2.4 BY COUNTRY 57
9.2.4.1 US 57
9.2.4.1.1 Increasing investments for replacing and refurbishing the aged transmission infrastructure 57
9.2.4.2 Canada 58
9.2.4.2.1 Rising number of projects from renewables, especially offshore wind, which demands further substations to connect electricity to grid 58
9.2.4.3 Mexico 59
9.2.4.3.1 Improving and modernizing transmission & distribution networks under government’s reforms 59
9.3 ASIA PACIFIC 60
9.3.1 BY VOLTAGE TYPE 62
9.3.2 BY INSTALLATION 62
9.3.3 BY END-USER 62
9.3.4 BY COUNTRY 63
9.3.4.1 China 63
9.3.4.1.1 Rising demand for efficient and long-lasting power infrastructure 63
9.3.4.2 India 64
9.3.4.2.1 Increased transformation capacity along with demand for 765 kV transmission lines 64
9.3.4.3 Japan 65
9.3.4.3.1 Renovation of grid infrastructure to integrate it with distributed energy sources 65
9.3.4.4 Australia 66
9.3.4.4.1 Adoption of new technologies, including electric vehicles, requiring advanced substations for power reliability 66
9.3.4.5 South Korea 67
9.3.4.5.1 Rising demand for power from densely populated areas along with modernization of grid 67
?
9.3.4.6 Indonesia 68
9.3.4.6.1 Increasing demand for electricity and plan to develop small and medium wind energy systems 68
9.3.4.7 Rest Of Asia Pacific 69
9.4 EUROPE 70
9.4.1 BY VOLTAGE TYPE 70
9.4.2 BY INSTALLATION 71
9.4.3 BY END-USER 71
9.4.4 BY COUNTRY 72
9.4.4.1 UK 72
9.4.4.1.1 Rapid development of ICT buildings and aged infrastructure 72
9.4.4.2 Germany 73
9.4.4.2.1 Continuous electricity addition through renewables along with construction of HVDC lines 73
9.4.4.3 France 74
9.4.4.3.1 Reducing power dependence on nuclear sources and increased demand for grid infrastructure to connect renewables to grid 74
9.4.4.4 Spain 75
9.4.4.4.1 Decentralization of power sector along with grid interconnectivity 75
9.4.4.5 Norway 76
9.4.4.5.1 Construction of 420 kV of transmission lines for increased wind production 76
9.4.4.6 Rest Of Europe 77
9.5 MIDDLE EAST & AFRICA 78
9.5.1 BY VOLTAGE TYPE 79
9.5.2 BY INSTALLATION 80
9.5.3 BY END-USER 80
9.5.4 BY COUNTRY 81
9.5.4.1 Saudi Arabia 81
9.5.4.1.1 Plans for construction of high voltage transmission networks along with establishment of new transmission substations 81
9.5.4.2 UAE 82
9.5.4.2.1 Energy generation through nuclear reactors, demanding for adequate transmission infrastructure 82
9.5.4.3 South Africa 83
9.5.4.3.1 Rising focus on development of high voltage transmission network 83
9.5.4.4 Egypt 84
9.5.4.4.1 Development of power infrastructure to cater to the rapidly growing power demand 84
?
9.5.4.5 Kuwait 85
9.5.4.5.1 Space constraint and rising demand for electricity, driving construction of space efficient gas-insulated substation 85
9.5.4.6 Rest Of The Middle East & Africa 85
9.6 SOUTH AMERICA 86
9.6.1 BY VOLTAGE TYPE 87
9.6.2 BY INSTALLATION 87
9.6.3 BY END-USER 88
9.6.4 BY COUNTRY 88
9.6.4.1 Brazil 89
9.6.4.1.1 Increasing dependence on hydroelectric power source, driving the demand for substations 89
9.6.4.2 Argentina 89
9.6.4.2.1 Construction plans for 500 kV high voltage transmission lines by 2018 89
9.6.4.3 Chile 90
9.6.4.3.1 Rising investments in energy sector across the nation 90
9.6.4.4 Rest Of South America 91

10 COMPETITIVE LANDSCAPE 92
10.1 OVERVIEW 92
10.2 RANKING OF PLAYERS 94
10.3 COMPETITIVE SCENARIO 95
10.3.1 NEW PRODUCT DEVELOPMENT 95
10.3.2 EXPANSIONS & INVESTMENTS 95
10.3.3 CONTRACTS & AGREEMENTS 95
10.3.4 MERGERS & ACQUISITIONS 96
10.4 MICRO QUADRANT OVERVIEW 96
10.4.1 VISIONARY LEADERS: 96
10.4.2 INNOVATORS: 97
10.4.3 DYNAMIC DIFFERENTIATORS: 97
11 COMPANY PROFILE 98
11.1 COMPANY BENCHMARKING 98
(Business overview, Products offered, Recent Developments, MNM view)*
11.2 HITACHI 99
11.3 GENERAL ELECTRIC 101
11.4 ABB 104
11.5 MITSUBISHI ELECTRIC 109
11.6 TOSHIBA CORPORATION 111
11.7 LARSEN & TOUBRO 113
11.8 SIEMENS AG 118
11.9 CG POWER AND INDUSTRIAL SOLUTIONS 119
11.10 HYOSUNG 120
11.11 BHARAT HEAVY ELECTRICALS LIMITED 122
11.12 TBEA CO. LTD. 123
11.13 ELSEWEDY ELECTRIC 124
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
12 APPENDIX 125
12.1 INSIGHTS OF INDUSTRY EXPERTS 125
12.2 DISCUSSION GUIDE 126
12.1 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 129
12.2 AVAILABLE CUSTOMIZATIONS 131
12.3 RELATED REPORTS 131
12.4 AUTHOR DETAILS 132
TABLE OF CONTENTS


1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 REGIONAL SCOPE 17
1.3.3 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH METHODOLOGY SCOPE 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 IDEAL DEMAND-SIDE ANALYSIS 20
2.2.1.1 Assumptions 20
2.2.1.2 Calculation 21
2.2.2 SUPPLY-SIDE ANALYSIS 21
2.2.2.1 Assumptions 21
2.2.2.2 Calculation 21
2.2.3 FORECAST 22
2.3 STATISTICS 22
2.3.1 T&D INVESTMENT, BY REGION (2014–2035) 22
2.4 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE OPPORTUNITIES IN THE GAS-INSULATED SUBSTATION MARKET 28
4.2 ASIA PACIFIC GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER & COUNTRY 29
4.3 GAS-INSULATED SUBSTATION MARKET, BY COUNTRY 30
4.4 GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE RATING 30
4.5 GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE RATING 31
4.6 GAS-INSULATED SUBSTATION MARKET, BY INSTALLATION 31
?

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Rising energy demand and space constraint in densely populated urban areas 33
5.2.1.2 Increasing investments in T&D sector 33
5.2.2 RESTRAINTS 34
5.2.2.1 High cost of equipment as compared to air-insulated substation 34
5.2.2.2 Stringent environmental & safety regulations 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Development of an environment-friendly alternative to SF6 gas 35
5.2.3.2 Adoption of the HVDC technology 35
5.2.4 CHALLENGES 36
5.2.4.1 Delays in grid expansion projects 36

6 GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE 37
6.1 INTRODUCTION 38
6.2 MEDIUM VOLTAGE 39
6.2.1 RAPID DEVELOPMENT OF RESIDENTIAL AND COMMERCIAL INFRASTRUCTURE 39
6.3 HIGH VOLTAGE 40
6.3.1 INCREASING INVESTMENTS FOR POWER GENERATION PLANTS 40
6.4 EXTRA-HIGH VOLTAGE 41
6.4.1 RISING FOCUS ON DEVELOPMENT OF POWER TRANSMISSION FOR LONG DISTANCE 41

7 GAS-INSULATED SUBSTATION MARKET, BY INSTALLATION 42
7.1 INTRODUCTION 43
7.2 INDOOR 44
7.2.1 INCREASING INVESTMENTS IN THE ENERGY SECTOR ACROSS THE NATION 44
7.3 OUTDOOR 45
7.3.1 RISING FOCUS ON DEVELOPMENT OF POWER TRANSMISSION AND DISTRIBUTION FOR LONG DISTANCE 45

8 GAS-INSULATED SUBSTATION MARKET, BY END-USER 46
8.1 INTRODUCTION 47
8.2 POWER TRANSMISSION UTILITY 48
8.2.1 INCREASING INVESTMENT FOR DEVELOPMENT OF TRANSMISSION GRID EXPANSION AND REFURBISHMENT 48
8.3 POWER DISTRIBUTION UTILITY 49
8.3.1 SPACE CONSTRAINT MEANWHILE RISING DEMAND FOR ELECTRICITY 49
?
8.4 POWER GENERATION UTILITY 50
8.4.1 RISING DEMAND FOR EFFICIENT AND LONG- LASTING POWER INFRASTRUCTURE 50
8.5 OTHERS 51

9 GAS-INSULATED SUBSTATION, BY REGION 52
9.1 INTRODUCTION 53
9.2 NORTH AMERICA 55
9.2.1 BY VOLTAGE TYPE 55
9.2.2 BY INSTALLATION 56
9.2.3 BY END-USER 56
9.2.4 BY COUNTRY 57
9.2.4.1 US 57
9.2.4.1.1 Increasing investments for replacing and refurbishing the aged transmission infrastructure 57
9.2.4.2 Canada 58
9.2.4.2.1 Rising number of projects from renewables, especially offshore wind, which demands further substations to connect electricity to grid 58
9.2.4.3 Mexico 59
9.2.4.3.1 Improving and modernizing transmission & distribution networks under government’s reforms 59
9.3 ASIA PACIFIC 60
9.3.1 BY VOLTAGE TYPE 62
9.3.2 BY INSTALLATION 62
9.3.3 BY END-USER 62
9.3.4 BY COUNTRY 63
9.3.4.1 China 63
9.3.4.1.1 Rising demand for efficient and long-lasting power infrastructure 63
9.3.4.2 India 64
9.3.4.2.1 Increased transformation capacity along with demand for 765 kV transmission lines 64
9.3.4.3 Japan 65
9.3.4.3.1 Renovation of grid infrastructure to integrate it with distributed energy sources 65
9.3.4.4 Australia 66
9.3.4.4.1 Adoption of new technologies, including electric vehicles, requiring advanced substations for power reliability 66
9.3.4.5 South Korea 67
9.3.4.5.1 Rising demand for power from densely populated areas along with modernization of grid 67
?
9.3.4.6 Indonesia 68
9.3.4.6.1 Increasing demand for electricity and plan to develop small and medium wind energy systems 68
9.3.4.7 Rest Of Asia Pacific 69
9.4 EUROPE 70
9.4.1 BY VOLTAGE TYPE 70
9.4.2 BY INSTALLATION 71
9.4.3 BY END-USER 71
9.4.4 BY COUNTRY 72
9.4.4.1 UK 72
9.4.4.1.1 Rapid development of ICT buildings and aged infrastructure 72
9.4.4.2 Germany 73
9.4.4.2.1 Continuous electricity addition through renewables along with construction of HVDC lines 73
9.4.4.3 France 74
9.4.4.3.1 Reducing power dependence on nuclear sources and increased demand for grid infrastructure to connect renewables to grid 74
9.4.4.4 Spain 75
9.4.4.4.1 Decentralization of power sector along with grid interconnectivity 75
9.4.4.5 Norway 76
9.4.4.5.1 Construction of 420 kV of transmission lines for increased wind production 76
9.4.4.6 Rest Of Europe 77
9.5 MIDDLE EAST & AFRICA 78
9.5.1 BY VOLTAGE TYPE 79
9.5.2 BY INSTALLATION 80
9.5.3 BY END-USER 80
9.5.4 BY COUNTRY 81
9.5.4.1 Saudi Arabia 81
9.5.4.1.1 Plans for construction of high voltage transmission networks along with establishment of new transmission substations 81
9.5.4.2 UAE 82
9.5.4.2.1 Energy generation through nuclear reactors, demanding for adequate transmission infrastructure 82
9.5.4.3 South Africa 83
9.5.4.3.1 Rising focus on development of high voltage transmission network 83
9.5.4.4 Egypt 84
9.5.4.4.1 Development of power infrastructure to cater to the rapidly growing power demand 84
?
9.5.4.5 Kuwait 85
9.5.4.5.1 Space constraint and rising demand for electricity, driving construction of space efficient gas-insulated substation 85
9.5.4.6 Rest Of The Middle East & Africa 85
9.6 SOUTH AMERICA 86
9.6.1 BY VOLTAGE TYPE 87
9.6.2 BY INSTALLATION 87
9.6.3 BY END-USER 88
9.6.4 BY COUNTRY 88
9.6.4.1 Brazil 89
9.6.4.1.1 Increasing dependence on hydroelectric power source, driving the demand for substations 89
9.6.4.2 Argentina 89
9.6.4.2.1 Construction plans for 500 kV high voltage transmission lines by 2018 89
9.6.4.3 Chile 90
9.6.4.3.1 Rising investments in energy sector across the nation 90
9.6.4.4 Rest Of South America 91

10 COMPETITIVE LANDSCAPE 92
10.1 OVERVIEW 92
10.2 RANKING OF PLAYERS 94
10.3 COMPETITIVE SCENARIO 95
10.3.1 NEW PRODUCT DEVELOPMENT 95
10.3.2 EXPANSIONS & INVESTMENTS 95
10.3.3 CONTRACTS & AGREEMENTS 95
10.3.4 MERGERS & ACQUISITIONS 96
10.4 MICRO QUADRANT OVERVIEW 96
10.4.1 VISIONARY LEADERS: 96
10.4.2 INNOVATORS: 97
10.4.3 DYNAMIC DIFFERENTIATORS: 97

11 COMPANY PROFILE 98
11.1 COMPANY BENCHMARKING 98
(Business overview, Products offered, Recent Developments, MNM view)*
11.2 HITACHI 99
11.3 GENERAL ELECTRIC 101
11.4 ABB 104
11.5 MITSUBISHI ELECTRIC 109
11.6 TOSHIBA CORPORATION 111
11.7 LARSEN & TOUBRO 113
11.8 SIEMENS AG 118
11.9 CG POWER AND INDUSTRIAL SOLUTIONS 119
11.10 HYOSUNG 120
11.11 BHARAT HEAVY ELECTRICALS LIMITED 122
11.12 TBEA CO. LTD. 123
11.13 ELSEWEDY ELECTRIC 124
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

12 APPENDIX 125
12.1 INSIGHTS OF INDUSTRY EXPERTS 125
12.2 DISCUSSION GUIDE 126
12.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 129
12.2 AVAILABLE CUSTOMIZATIONS 131
12.3 RELATED REPORTS 131
12.4 AUTHOR DETAILS 132